document.write( "Question 461308: A community 5k run will award $50.00 to the winner. 65 people entered and paid a $20.00 entry fee. Assuming they all are equally likely to win, what is the expected value and fair price for the competition. round to the nearest cent. \n" ); document.write( "
Algebra.Com's Answer #316396 by jorel1380(3719)\"\" \"About 
You can put this solution on YOUR website!
$50.00/65 people=$.77 expected payout per person.. \n" ); document.write( "
\n" );